Crossmark Global Holdings Inc. Acquires 5,933 Shares of TopBuild Corp. $BLD

Crossmark Global Holdings Inc. grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 353.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,611 shares of the construction company’s stock after purchasing an additional 5,933 shares during the period. Crossmark Global Holdings Inc.’s holdings in TopBuild were worth $3,175,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BLD. Advisory Services Network LLC bought a new stake in TopBuild in the 3rd quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in TopBuild in the 3rd quarter worth approximately $34,000. First Horizon Corp lifted its position in TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 50 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in TopBuild in the 4th quarter worth approximately $43,000. Finally, Smithfield Trust Co lifted its position in TopBuild by 58.6% in the 3rd quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after buying an additional 41 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $424.21 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. TopBuild Corp. has a fifty-two week low of $273.87 and a fifty-two week high of $559.47. The stock has a 50 day moving average price of $396.60 and a two-hundred day moving average price of $436.36. The company has a market capitalization of $11.94 billion, a P/E ratio of 23.83, a PEG ratio of 4.98 and a beta of 1.85.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $4.63 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. Analysts expect that TopBuild Corp. will post 18.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on BLD. Benchmark dropped their target price on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Royal Bank Of Canada boosted their target price on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. DA Davidson restated a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, UBS Group set a $440.00 target price on TopBuild in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $466.77.

TopBuild Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.